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This study examines whether geographical indications (GIs) truly enhance producer quality, which is a main regulatory justification for the GIs’ existence. We compare the quality of wine producers with and without GIs and test for the effectiveness of GIs based on (a) the strictness of GIs’ production standards and (b) GIs’ organizational characteristics as a collective brand. We argue that GIs encourage...
This paper analyzes factors determining contractual completeness in franchising. We argue that completeness is affected by firms' contract design capabilities along with different contractual hazards. Our results support these hypotheses by showing that experienced franchisors draw up more complete contracts. Additionally, we observe that the effects of contractual hazards on completeness are not...
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